Page 19 - India-russia Ties

Russia supplied arms worth $13 billion to India in last five years: Report

Annual arms exports were about $14 billion to $15 billion, and the order book has remained steady at around $50 billion, Interfax reported

The $1 billion-a-month spread to deliver Russian crude oil to India

There are fortunes to be made delivering Russian crude oil to India

US needs to address India's ties with Russia, says Senatorial report

As the US focuses on the Indo-Pacific, in particular the Quad, the Biden administration needs to address India's ties with Russia and its "downward trend of democratic values and institutions", said a report by the Democratic Party of the Senate Foreign Affairs Committee. The report has called for supporting a strong and democratic India. Senate Foreign Affairs Chairman Senator Robert Menendez Thursday said the US needs to approach the Indo-Pacific with a well-resourced, whole-of-government approach that synchronizes the military-security elements with diplomatic, economic, and civil society elements to ensure the greatest chance of success. The "Strategic Alignment: The Imperative of Resourcing the Indo-Pacific Strategy", a Majority Staff Report, was released by Menendez on Thursday. "I believe that President Biden's Indo-Pacific Strategy, released one year ago, adopts this whole-of-government approach. If fully equipped with the tools that it needs to be successful, this strategy

NSA Doval meets President Putin in Moscow to discuss strategic partnership

National Security Advisor Ajit Doval called on Russian President Vladimir Putin and agreed to continue work towards implementing the India-Russia strategic partnership, the Indian embassy in Moscow said on Thursday. "NSA Ajit Doval called on HE President Putin. Wide-ranging discussion on bilateral and regional issues. Agreed to continue work towards implementing the India-Russia strategic partnership," the embassy tweeted. The Kremlin said President Putin met with heads of delegations taking part in the multilateral consultations on Afghanistan. On Wednesday, Doval attended the fifth multilateral meeting of Secretaries of Security Councils/NSAs on Afghanistan which was hosted by Russia. "We are also worried about attempts to use the situation in Afghanistan to allow extra-regional forces to expand or build their infrastructure," Putin said, according to the Kremlin. "These countries will create this under the pretext of countering international terrorism, but they are not doing ..

West sanctions won't affect India-Russia defence partnership: BrahMos chief

The India-Russia defence partnership will "never" be disrupted by the Western sanctions on Moscow, BrahMos Aerospace chief said on Wednesday, saying it's the "trust" that makes this partnership work. The West, led by the US, has imposed crippling sanctions on Russia for its invasion of Ukraine in February 2022. BrahMos Aerospace is a joint venture between India and Russia that specialises in nuclear-capable supersonic missiles. The company currently manufactures the BrahMos missile and is currently developing the BrahMos II, a hypersonic cruise missile. The West's attempts will not stop the Russia-India defence partnership, nor will it impact the company's operations, BrahMos Aerospace Indo-Russian Joint Venture Managing Director and CEO Atul Dinkar Rane told TASS, the official news agency of Russia. "My personal gut feeling it is never!" Rane said when asked whether Western countries could halt India-Russia defence and security cooperation. "And if someone tries, he will only f

Indian refiners pay traders in dirhams for Russian oil, says report

Indian refiners and traders are concerned they may not be able to continue to settle trades in dollars, especially if the price of Russian crude rises above a cap imposed by the Group of Seven nations

Indian diamond traders hit by rupee risks amid Russian supply woes

"The Russians are not comfortable with the rupee invoicing as far as the gems and jewelry sector is concerned," said Gem & Jewellery Export Promotion Council

Russia becomes India's fourth-largest trading partner, imports jump 5-fold

Amid the rising bilateral trade, India has been exploring a rupee trade settlement mechanism with Russia

India now buying 33 times more Russian oil than a year earlier

The country is now easily India's biggest source of oil after overtaking Iraq and Saudi Arabia several months ago.

India hopeful rupee trade with Russia will pick up in future: Govt official

Russia, Sri Lanka, Mauritius and Bangladesh are some of the countries that are keen on rupee trade with India

With $30 bn bilateral trade turnover, India, Russia plan big for 2023

"We are seeing a huge surge of interest in India from Russian businesses. And, most importantly, across the spectrum - from large to small business"

Russia's Rosatom sends 'more advanced' fuel option for Indian nuclear plant

Russia's state-owned nuclear energy company Rosatom earlier this year sent a "more advanced" fuel option for a nuclear power plant in southern India, an Indian government minister told parliament

The $60 price cap on Russian oil may not hit Indian purchases: Report

India mostly buys the Urals crude from Russia. This grade made up 80% of India's oil imports last month

Russia offers India help with large ships to overcome oil price cap

Russia has welcomed India's decision to not support the price cap on Russian oil announced by G7 and its allies and offered it cooperation on leasing and building large-capacity ships to overcome the ban on insurance services and tanker chartering in the European Union and Britain to continue buying discounted oil. The offer came as Russian Deputy Prime Minister Alexander Novak held a meeting with the Indian Ambassador to Moscow, Pavan Kapoor, on Friday. "The Deputy Prime Minister welcomed India's decision not to support the price cap on Russian oil, which was imposed on December 5 by the G7 countries and their allies," the Russian Foreign Ministry said in a statement. India's appetite for Russian oil has swelled ever since it started trading on discount as the West shunned it to punish Moscow for its invasion of Ukraine. Novak noted that even amid the energy crisis, Russia is responsibly fulfilling its contractual obligations for the supply of energy resources, diversifying energy

Russia remains India's top oil supplier for second month in a row in Nov

Russia has for the second month in a row remained India's top oil supplier in November, surpassing traditional sellers Iraq and Saudi Arabia, according to data from energy cargo tracker Vortexa. Russia, which made up for just 0.2 per cent of all oil imported by India in the year to March 31, 2022, supplied 9,09,403 barrels per day (bpd) of crude oil to India in November. It now makes up for more than a fifth of India's oil supplies. According to Vortexa, an energy intelligence firm, India imported 8,61,461 bpd of oil from Iraq in November and 5,70,922 bpd from Saudi Arabia. The United States was India's fourth largest supplier at 4,05,525 bpd. India's imports from Russia in November were lower than the volumes bought in October. India's appetite for Russian oil swelled ever since it started trading on discount as the West shunned it to punish Moscow for its invasion of Ukraine. As per Vortexa, India imported just 36,255 barrels per day of crude oil from Russia in December 2021, .

Russia welcomes India's decision to not support G7's price cap on its oil

Russia has said that it welcomes India's decision to not support the price cap on Russian oil announced by the G7 and their allies

India shares a list of products with Moscow for access to Russian market

Moscow had sent India a list of more than 500 products for potential delivery

India's existing deep discounts on Russian crude oil will stay: Officials

A record 24.8 percent of India's crude oil imports came from Russia in the April-September period

Crude one-upmanship: G7 oil price cap on Russia turns on the US tap

The US shipped a record 450,000 barrels/day to India in November

Russia stands with India: Envoy while paying tribute to 26/11 victims

"Russia remains firmly committed to the eradication of the terrorism menace around the globe," Alipov tweeted.